Thu, May 2, 2024 7:20 PM
RBI imposes monetary penalty on three co-operative banks for rule violation
A Flip by Riya Sharma
Bandhan Bank reported a significantly lower net profit for the fourth quarter at ₹54.6 crore, starkly below the ₹882.3 crore predicted by a CNBC-TV18 poll. This fall was primarily due to higher provisions, which surged by 141% year-on-year (YoY) and 159% quarter-on-quarter (QoQ). The bank's board, however, recommended a dividend of ₹1.50 per equity share, equivalent to 15% of the face value.
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One of the simplest ways to generate passive income is by investing in companies that pay shareholders a regular dividend. If you're looking for reliable dividend stocks, Dividend Kings could be a good place to start. These companies have track records of good capital management, allowing them to raise their dividend payments for at least 50 consecutive years.
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Shares of small U.S.-based chip manufacturing start-up SkyWater Technologies (NASDAQ: SKYT) initially tanked over 30% following its Q1 2024 earnings update. Shares have rebounded a bit since then but are still down nearly 30% pre-earnings and down nearly 20% so far in 2024.It seems that stock market movers and shakers were surprised by a temporary dip in SkyWater's trajectory.
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